A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Sells $662,360.00 in Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Jess M. Ravich sold 14,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the transaction, the director now owns 190,500 shares in the company, valued at $8,702,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

A-Mark Precious Metals Price Performance

AMRK traded down $0.19 on Wednesday, hitting $44.24. 305,968 shares of the stock were exchanged, compared to its average volume of 370,299. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.63 and a beta of -0.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $47.39. The business has a 50-day moving average of $37.91 and a two-hundred day moving average of $35.84.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were issued a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.81%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 24.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Driehaus Capital Management LLC acquired a new position in shares of A-Mark Precious Metals during the second quarter valued at about $5,702,000. Dimensional Fund Advisors LP raised its position in shares of A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after purchasing an additional 106,842 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of A-Mark Precious Metals by 164.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after purchasing an additional 68,320 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of A-Mark Precious Metals by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock valued at $13,681,000 after purchasing an additional 67,452 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in A-Mark Precious Metals by 359.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after acquiring an additional 64,221 shares during the period. Institutional investors own 75.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Monday. Maxim Group assumed coverage on shares of A-Mark Precious Metals in a research report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective for the company. Finally, DA Davidson upped their price objective on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.67.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.